Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto, California lawmakers passed a bill restricting federal officials’ involvement in memecoin issuance. Sheikh Tahnoon’s group reportedly backed a 49% stake in the holding company behind World Liberty’s conditionally approved US trust bank and Grayscale argued that Zcash could challenge Bitcoin’s network effects as financial privacy gains importance.
California lawmakers passed a bill restricting public officials’ involvement with memecoins, citing concerns around conflicts of interest and “pay-to-play arrangements.”
The California Senate passed Assembly Bill 2409 in a 40-0 vote on Wednesday, according to Legiscan& data. The Assembly subsequently voted 78-0 to concur in the Senate’s amendments. The bill entered the enrolled stage and awaits the governor’s signature.
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